British pounds sterling to US dollars Exchange Rate Convert GBP USD

Retail sales plunged 0.7% in October, more than double the expected 0.3% decline, reflecting weaker consumer spending. PMI data also showed a contraction in business activity for the first time in over a year, raising fears of a broader economic slowdown. The oil markets are particularly anxious about the potential for Ukraine to damage Russian energy infrastructure, which could disrupt oil production and tighten global supplies. This concern has been a crucial factor supporting crude prices. « It’s really one main geopolitical factor that’s at play here in the gold market over the course of the last several days — the increased tensions between Ukraine and Russia, » he said.

Looking ahead, analysts are eyeing key resistance levels, with Jim Wyckoff, senior market analyst at Kitco Metals, noting that the next upside target for gold is a close above the $2,700 per ounce mark. “Bulls’ next price objective is to produce a close above solid resistance at $2,700,” Wyckoff said in a note. “Premiums continue to oscillate between positive and negative territory, showing no clear directional trend,” Pascal told Reuters. The pound has dropped to a six-month low against the dollar, following a weaker-than-expected retail sales report that underscored growing economic concerns.

USD to GBP: Convert US Dollars to British Pounds

The precious metal has benefited from heightened concerns over the Russia-Ukraine conflict, which has kept investors flocking to gold as a secure store of value. However, trading activity in China, the world’s largest consumer of gold, remains relatively subdued, according to Hugo Pascal, a precious metals trader at InProved. Gold prices extended their gains for a fourth straight day on Friday, heading towards their best weekly performance in a year, driven by strong safe-haven demand amid ongoing geopolitical unrest. Wise ‎vfx itrader on the app store is a Money Service Business registered with FinCen. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. The U.S. dollar is the currency most used in international transactions.

Conversion Rates British Pound/US Dollar

However, it lowered its 2026 forecast to $71 per barrel, anticipating a surplus of 0.9 million barrels per day as production increases. A stronger dollar has also extended loses for the sterling. Since Donald Trump’s victory in the US presidential election earlier this month, the dollar has gained momentum. Investors are betting that 100 gbp to zar exchange rate his proposed policies — particularly on deporting undocumented immigrants and imposing trade tariffs — could stoke inflation, ultimately leading to higher US interest rates. The pound fell to $1.2496 after a series of disappointing economic reports.

1. Exchange-rates.org has been a leading provider of currency, cryptocurrency and precious metal prices for nearly 20 years.
2. Retail sales plunged 0.7% in October, more than double the expected 0.3% decline, reflecting weaker consumer spending.
3. “Premiums continue to oscillate between positive and negative territory, showing no clear directional trend,” Pascal told Reuters.
4. Spot gold rose 1.3% to $2,698.78 per ounce, while US gold futures edged 0.9% higher to $2,698.10 at the time of writing.
5. The sharp declines in these two currencies, which together account for more than 70% of the dollar index, amplified the greenback’s rally.

GBP to USD – Convert British Pounds to US Dollars

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Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference , for the issuing of electronic money. The pound is the official currency of the United Kingdom of Great Britain and Northern Ireland. The pound sterling is the fourth most-traded currency in the foreign exchange market. Bitcoin has surged to $99,543, just shy of the $100,000 milestone, as investors flock to it as a hedge against weakening fiat currencies and inflation risks. Optimism around a pro-crypto regulatory stance under Trump’s administration is driving institutional demand, adding momentum to Bitcoin’s rally. The weak data has sparked speculation that the Bank of England may act more decisively with rate cuts, further undermining the pound’s outlook.

Exchange rates can fluctuate by the minute while markets are open. However, the period between 3-4 PM GMT is often a good time to convert US Dollars to British Pounds because currency market liquidity and trading volume tend to be the highest during this time. Additionally, it’s advisable to convert US Dollars to British Pounds early in the week if you need GBP urgently.